A Business at a Glance
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Ryman Hospitality Properties, Inc.
RHP
$8.6B
Mkt Cap
$133.09
+3.26%
Ryman Hospitality Properties, Inc. (RHP) has a current P/E ratio of 35.3, compared to its historical median P/E of 20.8. The stock is currently considered Expensive based on its historical valuation range.
Ryman Hospitality Properties, Inc. (RHP) has a 5-year average return on invested capital (ROIC) of 47.8%. This indicates strong capital allocation and a potential competitive advantage.
Ryman Hospitality Properties, Inc. (RHP) has a market capitalization of $8.4B. It is classified as a mid-cap stock.
Yes, Ryman Hospitality Properties, Inc. (RHP) pays a dividend with a trailing twelve-month yield of 3.49%.
Based on historical P/E analysis, Ryman Hospitality Properties, Inc. (RHP) appears expensive. The current P/E of 35.3 is 69% above its historical median of 20.8. The estimated fair value CAGR (P/E method) is 5.2%.
Ryman Hospitality Properties, Inc. (RHP) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Ryman is the successor to Gaylord Entertainment Company (“Gaylord”), a Delaware corporation originally incorporated in 1956. As part of the plan to restructure our business operations to facilitate our qualification as a REIT for federal income tax purposes, Gaylord merged with and into its wholly-owned subsidiary, Ryman, on October 1, 2012, with Ryman as the surviving corporation, and Ryman succeeded to and began conducting, either directly or indirectly, all of the business conducted by Gaylord immediately prior to the merger. Ryman is a Delaware corporation that began operating as a self-advised and self-administered REIT for federal income tax purposes on January 1, 2013. We specialize in group-oriented, destination hotel assets in urban and resort markets. As a REIT, we generally will not be subject to federal corporate income taxes on that portion of our capital gain or ordinary income from our REIT operations that is distributed to our stockholders.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.6B | 2.3B | 2.2B | 1.8B | 939M |
| Net Income | 251M | 243M | 272M | 311M | 129M | -177M |
| EPS | $3.98 | $3.77 | $4.38 | $5.36 | $2.33 | $-3.21 |
| Free Cash Flow | 302M | 232M | 169M | 350M | 330M | 34M |
| ROIC | 48.5% | 47.9% | 64.6% | 88.7% | 47.0% | -9.1% |
| Gross Margin | - | 33.3% | 33.3% | 33.4% | 31.0% | 10.4% |
| Debt/Equity | 0.96 | 0.83 | 1.82 | 0.70 | 9.28 | -26.99 |
| Dividends/Share | $4.64 | $4.65 | $4.45 | $3.85 | $0.11 | $0.01 |
| Operating Income | 509M | 487M | 491M | 454M | 327M | -59M |
| Operating Margin | 19.2% | 18.9% | 21.0% | 21.0% | 18.1% | -6.2% |
| ROE | 34.2% | 37.5% | 48.6% | 93.7% | 353.2% | -193.3% |
| Shares Outstanding | 63M | 65M | 62M | 58M | 55M | 55M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.6B | 524M | 939M | 1.8B | 2.2B | 2.3B | 2.6B | 2.7B |
| Gross Margin | 23.3% | 23.3% | 27.6% | 28.6% | 30.0% | 27.0% | 9.8% | 10.4% | 31.0% | 33.4% | 33.3% | 33.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 28M | 29M | 27M | 31M | 31M | 36M | 29M | 39M | 43M | 43M | 42M | 43M | 43M |
| EBIT | 153M | 162M | 215M | 186M | 214M | 268M | -304M | -59M | 327M | 454M | 491M | 487M | 509M |
| Op. Margin | 14.7% | 14.8% | 18.7% | 15.7% | 16.8% | 16.7% | -57.9% | -6.2% | 18.1% | 21.0% | 21.0% | 18.9% | 19.2% |
| Net Income | 121M | 112M | 159M | 176M | 265M | 146M | -417M | -177M | 129M | 311M | 272M | 243M | 251M |
| Net Margin | 11.6% | 10.2% | 13.9% | 14.9% | 20.8% | 9.1% | -79.6% | -18.8% | 7.1% | 14.4% | 11.6% | 9.4% | 9.5% |
| Non-Recurring | 25M | 19M | 1.9M | 0 | 0 | 0 | 1.2M | 317K | -469K | 0 | 270K | -1.3M | -1.3M |
| Returns on Capital | |||||||||||||
| ROIC | 6.8% | 7.4% | 11.8% | 9.9% | 14.8% | 25.7% | -37.1% | -9.1% | 47.0% | 88.7% | 64.6% | 47.9% | 48.5% |
| ROE | 20.9% | 28.6% | 42.6% | 47.2% | 62.4% | 26.2% | -98.2% | -193.3% | 353.2% | 93.7% | 48.6% | 37.5% | 34.2% |
| ROA | 5.0% | 4.7% | 6.7% | 7.1% | 8.3% | 3.7% | -10.9% | -5.0% | 3.4% | 6.7% | 5.2% | 4.3% | 4.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 252M | 238M | 294M | 296M | 322M | 355M | -162M | 111M | 420M | 557M | 577M | 591M | 662M |
| Free Cash Flow | 194M | 158M | 176M | 113M | 134M | 202M | -327M | 34M | 330M | 350M | 169M | 232M | 302M |
| Owner Earnings | 134M | 118M | 178M | 177M | 193M | 133M | -385M | -121M | 196M | 330M | 327M | 298M | -2.3B |
| CapEx | 58M | 80M | 118M | 183M | 188M | 153M | 165M | 77M | 90M | 207M | 408M | 358M | 359M |
| Maint. CapEx | 112M | 114M | 110M | 112M | 121M | 214M | 215M | 220M | 209M | 211M | 236M | 278M | 2.9B |
| Growth CapEx | 0 | 0 | 8.2M | 71M | 67M | 0 | 0 | 0 | 0 | 0 | 172M | 80M | 0 |
| D&A | 112M | 114M | 110M | 112M | 121M | 214M | 215M | 220M | 209M | 211M | 236M | 278M | 2.9B |
| CapEx/OCF | 23.6% | 33.5% | 40.2% | 61.7% | 58.5% | 43.0% | N/A | 69.6% | 21.3% | 37.1% | 70.8% | 60.7% | 54.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 109M | 131M | 151M | 162M | 172M | 183M | 102M | 502K | 5.9M | 176M | 266M | 286M | 293M |
| Dividend Yield | 6.5% | 6.8% | 8.0% | 6.6% | 5.4% | 5.2% | 4.5% | 0.0% | 0.1% | 3.7% | 4.3% | 4.8% | 3.5% |
| Share Buybacks | 0 | 0 | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 1.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.8M | 6.2M | 6.1M | 6.6M | 7.7M | 7.8M | 8.7M | 12M | 15M | 15M | 14M | 14M | 14M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 2.2B | 1.4B | 1.4B | 1.6B | 363M | 340M | 643M | 459M | 550M | -192M | 522M | 154M | 276M |
| Cash & Equiv. | 76M | 56M | 59M | 58M | 103M | 362M | 57M | 141M | 334M | 592M | 478M | 471M | 424M |
| Long-Term Debt | 1.3B | 1.4B | 1.5B | 1.6B | 466M | 703M | 700M | 600M | 884M | 400M | 1.0B | 625M | 700M |
| Debt/Equity | 5.78 | 3.77 | 4.08 | 4.28 | 0.99 | 1.09 | 3.41 | -26.99 | 9.28 | 0.70 | 1.82 | 0.83 | 0.96 |
| Interest Coverage | 2.5 | 2.5 | 3.4 | 2.8 | 2.9 | 2.0 | -2.6 | -0.5 | 2.2 | 2.1 | 2.2 | 2.0 | 14533.9 |
| Equity | 401M | 380M | 368M | 378M | 470M | 645M | 205M | -22M | 95M | 569M | 549M | 750M | 733M |
| Total Assets | 2.4B | 2.3B | 2.4B | 2.5B | 3.9B | 4.1B | 3.6B | 3.6B | 4.0B | 5.2B | 5.2B | 6.2B | 6.2B |
| Total Liabilities | 2.0B | 2.0B | 2.0B | 2.1B | 3.4B | 3.2B | 3.2B | 3.6B | 3.6B | 4.3B | 4.3B | 5.0B | 5.0B |
| Intangibles | N/A | N/A | N/A | 4.3M | 247M | 207M | 167M | 127M | 106M | 124M | 116M | 64M | 0 |
| Retained Earnings | -447M | -473M | -492M | -479M | -389M | -496M | -911M | -1.1B | -979M | -894M | N/A | N/A | N/A |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 167M | 153M | 163M | 180M | 275M | 265M | 203M | 305M | 385M | 465M | 467M | 518M | 544M |
| Per Share Data | |||||||||||||
| EPS | 2.17 | 2.16 | 3.11 | 3.43 | 5.14 | 2.81 | -7.59 | -3.21 | 2.33 | 5.36 | 4.38 | 3.77 | 3.98 |
| Owner EPS | 2.41 | 2.28 | 3.47 | 3.45 | 3.76 | 2.56 | -7.01 | -2.20 | 3.55 | 5.69 | 5.27 | 4.62 | -36.28 |
| Book Value | 7.20 | 7.35 | 7.18 | 7.37 | 9.12 | 12.43 | 3.73 | -0.40 | 1.72 | 9.80 | 8.85 | 11.62 | 11.61 |
| Cash Flow/Share | 4.52 | 4.61 | 5.73 | 5.76 | 6.25 | 6.84 | -2.94 | 2.02 | 7.59 | 9.59 | 9.30 | 9.15 | 50.52 |
| Dividends/Share | 2.20 | 2.70 | 3.00 | 3.20 | 3.40 | 3.60 | 1.86 | 0.01 | 0.11 | 3.85 | 4.45 | 4.65 | 4.64 |
| Shares Out. | 55.8M | 51.6M | 51.2M | 51.3M | 51.5M | 51.9M | 55.0M | 55.1M | 55.4M | 58.1M | 62.0M | 64.6M | 63.1M |
| Valuation | |||||||||||||
| P/E Ratio | 16.7 | 17.0 | 14.8 | 15.8 | 10.5 | 26.1 | N/A | N/A | 29.8 | 18.8 | 22.8 | 25.5 | 33.4 |
| P/FCF | 10.4 | 12.0 | 13.4 | 24.6 | 20.7 | 18.8 | N/A | 128.4 | 11.6 | 16.7 | 36.8 | 26.7 | 27.8 |
| EV/EBIT | 20.9 | 20.0 | 17.6 | 23.1 | 23.4 | 21.1 | N/A | N/A | 18.4 | 17.8 | 17.6 | 19.0 | 17.1 |
| Price/Book | 5.0 | 5.0 | 6.4 | 7.4 | 5.9 | 5.9 | 15.6 | N/A | 40.3 | 10.3 | 11.3 | 8.3 | 11.5 |
| Price/Sales | 1.6 | 1.8 | 1.7 | 2.1 | 2.5 | 2.2 | 4.3 | 4.0 | 2.3 | 2.2 | 2.7 | 2.3 | 3.2 |
| FCF Yield | 9.6% | 8.3% | 7.4% | 4.1% | 4.8% | 5.3% | -10.2% | 0.8% | 8.6% | 6.0% | 2.7% | 3.7% | 3.6% |
| Market Cap | 2.0B | 1.9B | 2.4B | 2.8B | 2.8B | 3.8B | 3.2B | 4.3B | 3.8B | 5.9B | 6.2B | 6.2B | 8.4B |
| Avg. Price | 30.10 | 37.43 | 37.02 | 47.94 | 62.09 | 67.36 | 41.23 | 68.75 | 75.59 | 80.85 | 100.46 | 93.09 | 133.09 |
| Year-End Price | 36.16 | 36.80 | 46.01 | 54.21 | 53.78 | 73.30 | 58.40 | 78.78 | 69.36 | 101.03 | 99.92 | 96.26 | 133.09 |
Ryman Hospitality Properties, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Ryman Hospitality Properties, Inc. trades at 35.3x trailing earnings, compared to its 15-year median P/E of 20.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 36.1x vs a median of 19.8x. The company's 5-year average ROIC is 47.8% with a gross margin of 28.3%. Total shareholder yield (dividends) is 3.5%. At current prices, the estimated annualized return to fair value is +10.8%.
Ryman Hospitality Properties, Inc. (RHP) reported annual revenue of $2.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Ryman Hospitality Properties, Inc. (RHP) has a net profit margin of 9.4%. This is a modest margin.
Ryman Hospitality Properties, Inc. (RHP) generated $232 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ryman Hospitality Properties, Inc. (RHP) has a debt-to-equity ratio of 0.83. This indicates moderate leverage.
Ryman Hospitality Properties, Inc. (RHP) reported earnings per share (EPS) of $3.77 in its most recent fiscal year.
Ryman Hospitality Properties, Inc. (RHP) has a return on equity (ROE) of 37.5%. This indicates the company generates strong returns for shareholders.
Ryman Hospitality Properties, Inc. (RHP) has a 5-year average gross margin of 28.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Ryman Hospitality Properties, Inc. (RHP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ryman Hospitality Properties, Inc. (RHP) has a book value per share of $11.62, based on its most recent annual SEC filing.